ICE1_513_08 - AGEC513-Spring 2008 Dr Hikaru Peterson Name...

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AGEC513—Spring 2008 Dr. Hikaru Peterson Name________________________ IN-CLASS EXERCISE 1 Due 8:30am, February 11 (Monday) Total 15 points This exercise is intended to provide more practices for Exam 1 scheduled in class on February 11. I recommend you work through the exercise prior to class on February 8, before Josh goes over the exercise in class. You are encouraged to study from this exercise to prepare for the exam. The completed exercise is due at the beginning of the exam to be graded. As in the exam, every answer must be accompanied by appropriate documentation of steps to receive any credit . If you’re using formulas , the complete formula you evaluated to obtain your answer must be documented. If you’re using a financial calculator , all inputs used to obtain your answer must be documented. 1. (3 points) What will your monthly mortgage payments be on a $195,000 house assuming you pay 20% down and finance the balance over 30 years at 4.8% interest? 2.
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ICE1_513_08 - AGEC513-Spring 2008 Dr Hikaru Peterson Name...

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